Well the buy side is building reasonably without being dumped into, so maybe that is the end of the selling. I'm expecting the XAO to go into the red for a couple of weeks any day now, so perhaps we will se accumulation on the back of a weaker AUD & nervous selling, Once we complete a 5 wave down on the XAO then I suspect many speckies that have been flatlining in the doldrums might go for a trot. I'm thinking of a timeline of about 3 to 6 weeks to see the low of the year: XAO 4100-3800 then a big move in of bargain hunters. Hold onto your underpants, this will run hard IMO, just a question of timing the run.
CRK Price at posting:
54.0¢ Sentiment: Buy Disclosure: Held